Why is logistics important? Industry research found that over 60% of US and European companies lost up to 20% in revenue in 2020 due to logistical disruptions¹, underscoring the need for a well managed logistics strategy, especially for smaller businesses with tighter profit margins. The effici...
Logistics may not be the first thing that comes to mind when a purchase is made online or in a brick-and-mortar store, but it is undeniably intertwined with everything we buy. Logistical considerations affect global supply chains, what items are in stock and when as well as where manufactur...
domestic services are extremely fast, benefiting from the lack of customs clearance and international regulations that can sometimes slow down the cross-border shipping process. What this means is that businesses can deliver their products more quickly and with...
The key insight for international logistics is that businesses don’t have to put supply chain facilities in places that are close to their offices or customers. They need to put them in places that provide the most logistical value for international operations. Sometimes that means putting a war...
If your logistics function runs well, it will be invisible to your customers. But this unseen operation has a considerable impact on the customer experience, so excellent logistical planning is essential to your brand’s long-term growth and success. ...
The system can scale along with businesses, as it’s capable of maintaining healthy sales and customer satisfaction amid any level of growth. Inventory Management FAQs What is the meaning of inventory management? Inventory management is the practice of tracking the amount, location, quality, and ...
An HRIS is crucial for your business. Learn what an HRIS is, why it helps, and how to choose the right one.
is a broader term that includes supply chain logistics as one of its elements. SCM involves overseeing the entire lifecycle of a product throughout the supply chain process, from the initial sourcing of materials to the final delivery of finished goods to consumers. It goes beyond logistical ...
Delays in deliveries and lost products could mean a decrease in customer loyalty and lowered brand impression, factors that can curtail your business’ e-commerce growth. Breakbulk shipping is a way for export businesses to avoid shipping delays. With BBX, goods are not containerized,...
Zoning is important because it helps manage urban growth and development, ensuring that land use is compatible and beneficial to the community. It prevents incompatible land uses from being adjacent to each other, such as industrial facilities next to residential areas. ...